@article{ca93c0b3f58c42418ec25821c17acef8,
title = "On competitive cycles in productive economies",
abstract = "In a model of overlapping generations with production, money, and an endogenous labor supply, general conditions are given for the existence of two different types of cyclical equilibria. The conditions are given in terms of the elasticities of demand for savings and for capital with respect to the interest rate and of the capital-consumption ratio at the golden rule steady state. Examples using CES technologies are also studied.",
author = "Jess Benhabib and Guy Laroque",
note = "Funding Information: * This work was supported by National Science Foundation Grant SES-83-20464 at the Institute for Mathematical studies in the Social Sciences, Stanford University, Stanford, California. Guy Laroque{\textquoteright}s research was conducted in part during a visit to New York University and Princeton University. The authors benefited from discussions with John Mather and Michael Woodford and also thank the referee for valuable comments. The authors also acknowledge the Technical support of the C.V. Star Center for Applied Economics at New York University.",
year = "1988",
month = jun,
doi = "10.1016/0022-0531(88)90258-X",
language = "English (US)",
volume = "45",
pages = "145--170",
journal = "Journal of Economic Theory",
issn = "0022-0531",
publisher = "Academic Press Inc.",
number = "1",
}